Alphabet (GOOG, GOOGL) stock rose roughly 2% Thursday as several Wall Street banks defended the company following shares’ 7% drop Wednesday, which was spurred by a report that Apple (AAPL) may be looking to add AI search options to its web browser Safari.
Alphabet-owned Google is currently the default search option for Apple’s browser, for which it pays the iPhone maker $20 billion annually.
Read more about Alphabet’s stock moves and today’s market action.
During testimony in the…
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